TLT - Sell on hard break and/or close below $93.00 (Current: $93.34) May 17th $93P @ 1.55 Target: TLT < $88 TLT $93P > 5.00 Stop: 50% Trailing from best % Change Discussion This is a shorter-term bet on lower bond prices, higher interest rates, over the next 4-6 weeks. The reward side is about 3X, versus the usual 50% risk, but it could be a magnitude higher, i.e., TLT into the low $80's, if geopolitical forces heat-up. Another and even better reward trade would be puts in stock indices and that trigger could be an unexpected spike in rates which would send financial markets hard down. We are monitoring key levels on major indices. QQQ Bitcoin & BITO Calls These April BITO calls above fell 50% from their top percentage gains which technically triggers an exit, but the EW structure still allows for more gains. Jun calls are holding up well.
